One of the funniest moments in all radio history was when a robber threatens Jack Benny by telling him: “Your money or your life.” What follows is silence, followed by more silence, followed by still silence. Finally, after the audience is in absolute convulsion from laughing, Benny responds “I’m thinking, I’m thinking.”
Such is the quandary facing old rich people who realize the forgiveness of all estate taxes expires on December 31.
According to attorney and Intell columnist Patti Spencer, “The year with no estate tax was the year to ‘throw mamma from the train.’ This year’s estate planning techniques included one-way tickets to Switzerland, where euthanasia is legal…”
If you happen to face such a quandary, just ask yourself what Jack Benny would do.
I’m still trying to figure out if I am rich. How is it defined again?